It Strategy Hl

IT Strategy describes how information technology can be used to support an organization’s mission, objectives and strategies.

For an IT Strategy to be successful it has to align with the organization’s overall corporate strategy and business strategies.

A good IT Strategy requires a good understanding of the business, business plan and goals, also an understnading of how changes are likely to impact the business. It serves as a framework to meet business goals.

IT Strategy determines what new systems are needed, or how the existing systems can be used to achieve these goals.

IT Strategy is an iterative process.

IT Strategy can be driven by the business strategy and also used vice versa to drive the business strategy.

**STEPS TO DEVELOPING AN IT STRATEGY

Understanding your Business (what you do and who are your clients)

Defining Business Strategy based on Organization’s mission statement & objectives

Identifying what or how Technology can support & add value to the Business Strategy

Defining and Aligning an IT Strategy with the Business Strategy

*POINT#1 UNDERSTANDING YOUR BUSINESS

Understanding your business, includes identifying the following:

Products and service offerings

Position in the market & competitors

Key customers

Current level of service and cost

Critical information to the organization, how is it used, stored and distributed